Benchmark Tokyo rubber futures extended losses on Monday, ending down 1.8 % at a nine-week low as a stronger yen more than offset strength in global oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber…
Category: Industry News
Nokian Tyres and Valtra Set the New World Record for Tractors: 130.165 km/h
The new world record for fastest tractor was achieved when Nokian Tyres and Valtra combined their northern expertise. The new amazing record was set on a snowy and icy road in Finnish Lapland. Multiple World Rally Champion Juha Kankkunen kept his head cool and drove the…
Deutsche Bank Increases Delphi Automotive PLC Price Target to US$94.00 (DLPH)
Equities researchers at Deutsche Bank hoisted their target price on shares of Delphi Automotive PLC (NASDAQ:DLPH) from US$92.00 to US$94.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests…
Ken Garff Honda Downtown receives multiple awards for excellence
Ken Garff Honda Downtown, a leading new and used automotive dealership in the Intermountain West, was recently recognized by two organizations for its excellence in customer service and consistently high sales. The dealership was awarded the Honda President’s Award by…
Alliance Tire aims for more than USUS$ 1 billion in sales; realigns business
The North American, European and emerging markets of Alliance Tire Group have been realigned to form the key business units as the company aims to double its sales to more than USUS$1 billion. Newly hired Nagesh Basavanhalli, formerly with Fiat…
Sumitomo Rubber begins delivery of Falken brand ZIEX tyre
Sumitomo Rubber Industries, Ltd. announces that they have begun delivering the Falken brand “ZIEX ZE914A” and “ZIEX ZE914A ECORUN” high-performance tyres to Volkswagen for use on their new model “Passat,” which they first unveiled in Europe last October. In order…
Zeon plans second Singapore factory
Zeon will up its capacity in Singapore for a type of synthetic rubber favoured by tyre makers boosting their production of fuel-efficient tyres. The leading Japanese maker of synthetic rubbers and high-function materials will invest roughly 7 billion yen ($57.8…
BFGoodrich Tyres launching new g-Force COMP-2 A/S tyre
BFGoodrich Tyres is launching its new g-Force COMP-2 A/S tyre. The tyres are now available throughout North America in more than 20,000 authorized dealers. The new g-Force COMP-2 A/S tyre, available in an initial phase of 33 tyre sizes, will…
Trelleborg acquires share of liquid silicone rubber operation
Trelleborg has, through its business area Trelleborg Sealing Solutions, utilized an option from 2011 to acquire the outstanding 50 % of the shares in Trelleborg Sealing Solutions Silcotech Bulgaria OOD, with a production unit in Pernik, Bulgaria. Its main focus…
Indian rubber farmers disgruntled
Indian rubber farmers are disgruntled as India reels from a severe crisis which sees a steep fall in rubber price. The import of natural rubber (NR) has recorded an all-time high, crossing four lakh tonne in the fiscal year 2014-15.…